The Securities and Exchange Board of India (SEBI), in a circular dated 18 November, announced an increase in the limit for debt investments by foreign institutional investors (FIIs). The increased debt limits were to be allocated to FIIs and sub-accounts in an open bidding platform on the Bombay Stock Exchange on 30 November.
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The legislative and regulatory update is compiled by Nishith Desai Associates, a Mumbai-based law firm. The authors can be contacted at nishith@nishithdesai.com. Readers should not act on the basis of this information without seeking professional legal advice.
